short trade ideas (1)


Solar Short Worth A Shot

1290935?profile=RESIZE_480x480The right shoulder of a possible head-and-shoulders top in CSIQ seems to have formed, rebuffed at the 200d with a dropping 20d SMA (a sign of sellers there).  Risk is defined with a cover alert (I don't use stops) above this weeks high.  (click chart to enlarge)

Based on weak economic conditions both here and abroad, I don't see solar sales taking off anytime soon......without further government subsidies.  Even then consider stagnating wages and new jobs being at the high and low end of the spectrum, I just don't see a catalyst for these names to go higher at this juncture.

They're already ridiculously cheap right now.  Can you get any cheaper than free?

Already heavily shorted, your broker may have to track down shares to short - or buy puts and dump/take the hit above the right shoulder.

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